Stocks Reverse Gains Ahead of Inflation Data; Fading Rate Cut Hopes Push Yields Higher

• US stocks turned lower ahead of Wednesday's critical CPI inflation data, reversing earlier gains • Investors skeptical Fed will deliver on projected 3 rate cuts this year given economy strength • Fading rate-cut hopes pushed benchmark 10-year Treasury yield near 5-month highs • Rising metals prices sparked inflation concerns; copper up 10% year-to-date, gold hit record high • Earnings season kicks off Friday with banks including Citi, JPMorgan and Wells Fargo reporting Q1 results